Television

News Corp's operating income rises 22 %

MUMBAI: The Rupert Murdoch controlled US media conglomerate News Corp has reported fourth quarter consolidated revenues of $6.1 billion, a 12 per cent increase over the $5.5 billion in 2004's quarter.

 

 

For the year ended 30 June 2005 it earned revenues of $23.9 billion, an increase of 15 per cent over the $20.8 billion in fiscal 2004.

Consolidated operating income for the fourth quarter of $955 million was up 42 per cent over the $674 million a year ago. For the year, operating income was $3.6 billion, an increase of 22 per cent over the $2.9 billion in 2004.

STAR INDIA CONTINUES TO SHINE

The Star Group's fourth quarter and full year operating income more than doubled on revenue growth of 24 per cent and 14 per cent, respectively. Revenue gains for both the fourth quarter and full year primarily reflect the continued strength of Star Plus and Star Gold as well as contributions from several new channels in India. The television segment as a whole reported fourth quarter operating income of $344 million, a decrease of $7 million versus the same period a year ago, and full year operating income of $952 million, a slight increase over 2004. Record operating income at Star was offset by higher programming costs at Fox and a soft US ad market.

News Corp chairman and CEO Rupert Murdoch said, "We are extremely pleased with the continued growth we achieved during 2005. Star received approval to launch a DTH service in India and doubled its earnings contributions. 2005 marked our third consecutive year of record profits. What is pleasing about this past year is not just that we once again delivered double-digit revenue and operating income growth across nearly all of our businesses but perhaps more significantly many of our developing businesses turned profitable."

 

 

The movie segment reported fourth quarter operating income of $109 million, up $14 million from the $95 million reported in the same period a year ago, and record full year operating income of $1.1 billion, up 17 per cent from the $905 million reported in fiscal 2004. Current quarter and full year results primarily reflect solid worldwide theatrical and pay-TV revenues and strong contributions from film and television home entertainment releases.

The results were largely driven by the home entertainment performances of Alien vs. Predator, Sideways and Napoleon Dynamite, as well as contributions from various catalogyue titles including Ice Age. Additionally, the worldwide theatrical distribution of Star Wars Episode 3: Revenge of the Sith and Mr. and Mrs. Smith, as well as the pay-TV availability of The Day After Tomorrow and Garfield contributed to the strong fourth quarter results.

Cable network programming reported fourth quarter operating income of $137 million, an increase of $17 million over the fourth quarter a year ago and record full year operating income of $702 million, an increase of $214 million over 2004. Fox News Channel (FNC) reported operating income growth of 30 per cent for the fourth quarter and 40 per cent for the full year fuelled primarily by double-digit advertising revenue growth, which was partially offset by higher costs associated with covering international breaking news stories. During the quarter News Corp states that FNC further increased its leadership position as the number one cable news channel, more than doubling the viewership of its nearest competitor in prime-time and nearly 90 per cent higher on a 24-hour basis.

The net a priority for the future: Going forward media reports indicate that News Corp is preparing to spend up to $2 billion on the internet. Murdoch has said that this is the group's top priority as far as global expansion is concerned. It is said to be looking at buying a small internet search engine and is also developing its own mass entertainment website. The Fox sites that are present at the moment are more promotional in nature.

So far this year, the company has spent more than $700 million investing in Web companies. As had been reported last month by Indiantelevision.com News Corp signed a definitive agreement to acquire Intermix Media for approximately $580 million. With the addition of MySpace,and Intermix’s network of sites, News Corp expects its web traffic in the US to nearly double to more than 45 million unique monthly users.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/DD-800x800.jpg?itok=PriYkDkh
Sponsored serials: Doordarshan issues new invite for eight genres

Doordarshan has invited fresh entries under the sponsored category for the mid prime time band in eight different categories.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/Smriti-Irani.jpg?itok=mgydNZ1A
Doordarshan sourcing agencies' pre-bid meet on 30 Aug

Doordarshan has decided to empanel agencies for crowd sourcing artistes (t

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/dd.jpg?itok=m7Ijk7-U
DD Kashir: Prime Focus, Beehive & Grasshopper shortlisted for packaging

Three agencies have been shortlisted by Doordarshan to undertake the channel packaging work for its channel, DD Kashir. The agencies are -- Prime Focus Technologies Pvt Ltd, Beehive Systems Pvt Ltd, and Grasshopper Media Pvt Ltd.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/inside%20%281%29.jpg?itok=k6O4gL4H
Hindi GEC: Star Plus reclaims top urban slot & Zee Anmol retains lead in two markets

In the Hindi GEC genre this week, Star Plus has reclaimed its top slot and Zee Anmol has retained its leadership in two markets -- Hindi GEC (rural plus urban) and Hindi GEC - rural, according to BARC India all-India week 32 data.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/pkl.jpg?itok=o_f2tEkX
PKL rural telecast exceptionally propels Star Sports First to top

Star Sports First, primarily on the strength of PKL viewership in urban as well as rural areas, has again retained its lead with almost double the ratings as compared to BARC week 32's second position-holder.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/viwer.jpg?itok=sSGbkCn6
Times Now narrows gap with Republic TV, again

Over the last few weeks, a see-saw ratings battle is on between the two of the leading Indian English news channels - the Arnab Goswami-led Republic TV that has held a pole position for over a quarter of a year since its launch, and its nearest competitor and the ratings king it dethroned - Times...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/ss_0.jpg?itok=BLplwPWV
English Ent.: MNX leads & Zee Cafe retains top slot with significant drop

Times rebranding gamble seems to have paid off. Three weeks after Movies Now 2 was rechristened as MNX, it topped the weekly viewership chart of BARC India's latest all-India data.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/love-aur-dhokha.jpg?itok=HtkxcIii
ABP News' 'Love aur Dhokha' revisits 6 untimely deaths

The film and television industry, while well known and envied for its glamour and lifestyle, has also had its fair share of tragedies over the years. Tragedies which took away some of the brightest and most promising stars of the industry and left behind a plethora of questions about what happened...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/Brett_Hogg.jpg?itok=kxEwzszH
Sony moves ahead with own distributors in four SE Asian countries post Spider-Man's success

MUMBAI: Sony Pictures Entertainment is reportedly planning to launch distributors of its own in four countries after terminating a longstanding theatrical-releasing joint venture with Disney in Southeast Asia. Sony has plans to launch Sony Pictures Releasing units in Singapore, Thailand, and...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories